MUMBAI, India — Despite the numbers being bandied around about the Indian economy slowing down, the $450 billion retail industry is growing fast and fashion retail continues to ride the wave.
A new report from Reliance Brands, shared exclusively with WWD before it is released, takes a look at the fashion retail market, which it forecasts will continue to grow in the high double digits. This is the first study from the group, and with the shortage of market information and numbers in India, it highlights some of the sector’s strengths and weaknesses. It also focuses on who the consumer is and how premium and luxury brands are meeting market expectations.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"